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New Contributor
FinanceGuy007
Posts: 58
Registered: ‎03-16-2011
0

APPROVED for BOA Secured Card...

After reading this forum thoroughly and seeing the number of people saying that the were declined for the BOA secured card, I was skepitical about applying.  I instead chose Public Savings Bank who I have had for a year now paying on time and never late.  After PSB was closed by the FDIC, I decided to try my luck with BOA  and was approved!!!

 

A year ago my FICO score was 418, I'm at 541 now, still trying to climb this credit score ladder, but I know it takes time..... ;-)


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


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Valued Contributor
mxp114
Posts: 1,379
Registered: ‎09-01-2011
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Re: APPROVED for BOA Secured Card...

Congrats on the approval, great card.

Frequent Contributor
xlr8d
Posts: 306
Registered: ‎01-12-2011
0

Re: APPROVED for BOA Secured Card...

yeah congrats, should graduate to be a great card one day


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


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Valued Contributor
-Cain-
Posts: 1,283
Registered: ‎04-06-2011
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Re: APPROVED for BOA Secured Card...

Congrats on the approval! Great work on getting your scores up over the last year as well.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 734 11/2012 (PSECU), TU98 695 9/2012
Goal Score: 725+ across the board


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Regular Contributor
ontop
Posts: 153
Registered: ‎04-17-2011
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Re: APPROVED for BOA Secured Card...

Congratulation!

 

Make sure, if you can afford it, deposit as much as possible into it because that will be a 99.99% your future CL + some extra on your graduation day.

 

 

Starting Score: 547
Current FICO Score: TU 747, EQ 732, EX 742 [10/2014]
Goal FICO Score: 777
Frequent Contributor
xlr8d
Posts: 306
Registered: ‎01-12-2011
0

Re: APPROVED for BOA Secured Card...

BTW, my score was a bit higher than that awhile back and I got declined twice.  Do you have any baddies? 

 

Also, BOA will graduate the card at 9 mos if I remember right


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


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FinanceGuy007
Posts: 58
Registered: ‎03-16-2011
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Re: APPROVED for BOA Secured Card...

[ Edited ]

@ontop That was my plan.  As soon as I figure out how to add to the CL I was thinking of adding $100 - $200 a month. More if I can!! LOL


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


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Community Leader
Valued Contributor
-Cain-
Posts: 1,283
Registered: ‎04-06-2011
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Re: APPROVED for BOA Secured Card...

I wouldn't do it that way, each deposit to increase CL results in a hard inquiry. It's best to save and add a larger amount at once.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 734 11/2012 (PSECU), TU98 695 9/2012
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

New Contributor
FinanceGuy007
Posts: 58
Registered: ‎03-16-2011
0

Re: APPROVED for BOA Secured Card...

[ Edited ]

@xlr8d I do have baddies.  8 baddies with more than half with zero balances showing. 1 Judgment due to fall off in 2013 and around 15-16 inquires (car shopping).  I honestly dont think they pulled a credit report because my FILES are LOCKED.  I will be sure to let you all know. I'm about to check in a few.

 

UPDATE:  No HARD PULLS or SOFT as of 10/07/11 Will continue to check, but it should be showing by now if I was APPROVED already... *shrugs*


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
New Contributor
FinanceGuy007
Posts: 58
Registered: ‎03-16-2011
0

Re: APPROVED for BOA Secured Card...

[ Edited ]

@-Cain- Thanks for the heads up.... Let me slow these horses down of mine. 0_o lol


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge

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